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A corporations tenure bonds have an equilibrium rate of 7%. For all securities the inflation risk premium is 1.50% and the real interest rate is

A corporations tenure bonds have an equilibrium rate of 7%. For all securities the inflation risk premium is 1.50% and the real interest rate is 3%. The securities liquidity risk premium is 0.15% and the maturity risk premium is 0.70%. The security has no special covenants. What is the bonds default risk premium

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